Is A Masters In Commerce Worth It?

Last Updated on August 27, 2022 by Smile Ese

Every year, thousands of people enroll in a Masters of Commerce degree program. They’re looking to enhance their skills and open up a world of opportunities. But is it worth the time and money?

A masters degree in commerce must be worth it if everyone is getting them, right? Well, if you’re like most college graduates at least. From where I’m standing (having myself recently graduated from a masters program and currently working and living in Doha) the short answer to this question is: it’s complicated. It really depends on your field and how much you want to gain from the experience of being in the program.

The following article provides you with important details about what you can do with a masters in commerce, which can help you determine how to gain an employment and other benefit as a master degree holder in commerce. CollegeLearners offers detailed information on is a masters in commerce worth it, is a commerce degree worth it, master of commerce jobs, master of commerce vs master of management and other important topics

Commerce Objective And Theory Question Bank » FlashLearners

Is A Masters In Commerce Worth It?

In this course, you will study about principles of accounting, money & banking systems, economic theory, knowledge about business, micro & macroeconomics, management, etc.

This course is suitable for students, those want to go for higher studies or do research work in the area of statistics & other related areas.

The Master of Commerce typically requires one or two years of full-time study. The curriculum is generally concentrated on one subject area, see aside, and emphasizes underlying theory. Relatedly, programs usually include a thesis component,and may be exclusively research based.

Given this structure, the MCom differs from other business and management degrees:

  • Its concentration on one area distinguishes it from generalist degrees, such as the MBA. Some universities offer the MCom in general management,although this is more similar to the Master of Management than to the MBA see also Master of Business.
  • As compared to specialised degrees – such as the Master of Science in Finance or Master of Accounting – the MCom places more emphasis on theory; see also Master of Science in Management.

Admission to the MCom usually requires completion of a Bachelor of Commerce, or similar compatible degree; often, an Honours degree will be required. Depending on the degree focus, a related undergraduate major and / or a fairly strong quantitative background may also be a prerequisite. Some MCom programs admit students from science or engineering backgrounds – these programs usually require that students complete a bridging course, or undertake an extended program.

A Career in E-Commerce Management

Since the earliest days of the Internet, E-commerce – which stands for electronic commerce, or the practice of making business or commercial transactions online – has transformed product markets, according to the United States Bureau of Labor Statistics (BLS). E-commerce has changed how retailers market products and even how they price them.

E-commerce management specialists and other professionals in the field of E-commerce are the ones behind these changes, and behind every transaction that occurs in online shopping. These professionals have a wide range of job duties. They must manage the systems that allow for E-commerce, including the design, development and maintenance of those systems. To protect the security of E-commerce sites from viruses and hacking, E-commerce professionals must keep the technology they use up-to-date at all times. In addition to their information technology job duties, E-commerce management specialists may also have business job responsibilities, like calculating budges for various projects and staying on top of the costs to make sure the company stays under budget.

College Degrees in E-Commerce

E-commerce management specialists must earn a degree in a specialized but quickly growing field of study that combines business education with management information systems: E-commerce. E-commerce degrees come in several types, from Bachelor of Science (B.S.) in E-Commerce degrees to Master of Science (M.S.) in E-Commerce degrees and even Master of Business Administration (MBA) in E-Commerce degrees.

Regardless of the type of degree, a program of study in E-commerce will aim to teach students how to create and put into place methods of electronic distribution and how to manage E-commerce systems. Students in these programs should expect to study analysis and design of information systems, project management, database systems, information technologies, data mining, global E-commerce policy and evolving information technologies. The E-commerce college degree is versatile, allowing holders to enter jobs such as Internet marketers or Internet applications designers as well as E-commerce management specialists.

For the right candidate – someone who is as interested in information technology as he or she is in business – a career in e-commerce management can be very rewarding. The high earning potential is just one benefit of this career. Like other computer and information technology jobs, candidates can look forward to a positive job outlook. For many e-commerce management specialists, part of what makes the field compelling is that technology is always changing, so they always have something new to learn.

8 Reasons Why Business Masters Are Worth The Investment

1. Gain a competitive edge

Graduates are facing the toughest job market for a decade. As many employers have frozen or reduced recruitment, there is a much higher volume of candidates applying for fewer jobs. 

Investing in a master’s can give you the competitive edge to stand out from the crowd. 

“Entering the job market and starting to forge a career in your chosen area is tough. It is very competitive, and it can feel difficult to navigate,” Amy explains. “A business master’s from Imperial will allow you to broaden your experience, calibrate your career goals and differentiate yourself in the job market.”

2. Meet your future business partner

Hannah Page, marketing & admissions manager at WHU Otto Beisheim School of Management

Your classmates can be one of your most powerful assets on a master’s program. Most students say they learn as much from their peers as they do from their professors.
These connections continue to pay off well into your career. “At university you are a student for life,” Hannah says. “This isn’t just for sitting in a classroom and learning. It’s a network you’ll have access to for life.”

For many, these fruitful connections might even lead to business partnerships. Hannah points to the founders of e-commerce group Zalando, who met at WHU, as did the founders of home-cooking startup Hello Fresh

3. Upskill yourself

Virginie Fougea, global director of admissions at INSEAD

COVID-19 has permanently disrupted the business landscape, requiring many professionals to rethink their careers and update their skill set to remain relevant. A master’s is the perfect opportunity to do this. 

“It is likely that many companies will undergo some form of restructuration, and unfortunately, some offices will close down,” Virginie says.

“For all these reasons and many more, now more than ever, workers need to stay relevant and keep acquiring new skills to adequately respond to the new environment.”

4. Learn what employers want

Shani Pearson, international recruitment lead at BI Norwegian Business School

If you’re going to business school to find a new job, a master’s is certainly worth it.

Networking is a strong focus of master’s programs, helping students to meet representatives from big companies and make those all important connections that can pay off with employment. 

“Insight from business informs the curriculum which helps students develop the management skills needed and gain the knowledge required to navigate new career paths,” Shani says.

“These links allow students to interact with corporations, leaders, and recruiters as they develop their own network.”

5. Think like a CEO

Tomofumi Nishida, associate director of MBA/MiM admissions at IESE Business School

For candidates with lofty ambitions, investing in a master’s can help you start to understand the roles and responsibilities of a business leader

“These programs are for younger talent with less than two years work exp, but from a masters they can take on the viewpoint of a senior person in a company from an early stage in their career,” Tomo explains.

“Of course they have to start their career from a lower position, but having a broader view—looking at every business challenge from a higher viewpoint—will make such a difference to their growth and influence on other people.”

6. Enhance your career flexibility

Stephanie Thrane, recruitment & admissions director at London Business School

Millennials and Gen Z-ers can expect to work across a number of different roles and industries over their career. With a rapidly changing business landscape post-COVID, master’s students benefit greatly from a flexible and adaptable skill set.

“Unlike our parents’ generation who worked in the same organization for 25 years, people today want global mobility, flexibility to shift jobs every five to ten years in different companies and locations,” says Stephanie

“At LBS, that’s where the real return on investment comes, because you’re buying into a global network that will enable you to continue with those shifts throughout your career.”

7. Maximize your salary 

Boban Sulic, senior admissions manager at ESMT Berlin

Return on investment can be quite literal: master’s students, should they desire to, can expect to earn high salaries after they graduate. That’s one particular reason not to worry about the financial investment in a master’s. 

“Business master’s programs strategically prepare students for leadership roles. Students learn how companies work from the inside, how teams work best, and how tasks are distributed sensibly.”

“All this makes them fit for a management job in the future, one that generally pays much better than what they would be earning with a bachelor’s degree.”

Free Photo | E-commerce online shopping sale concept

8. Boost your personal growth 

Leon Laulusa, dean for academic affairs and international relations at ESCP Business School

While salary, skills, and jobs are all good measures of success, some of the payoffs from a master’s are more personal, and less tangible. 

Over the course of the program, master’s students can expect to grow and develop as an individual which can be far more meaningful than any number of hard skills. 

“Through their student life (student societies, clubs, etc), business schools allow students to develop their personal and social skills while making memorable friendships and life-long bonds.”

And…it might not be as expensive as you think

While the price tag of a business master’s may be high, schools offer plenty of ways to reduce the cost of studying. 

“It’s important to understand the value of an investment of a master’s which is usually $20-to-30k. But many universities also offer very good merit scholarships to students they believe could make an impact during university and in the future,” Veronica explains.

Bocconi, she says, offers a number of scholarships based on academic performance, on GMAT score, among other categories, which can cover up to 100% of your tuition fees. 

Given the different levels of pay off and the number of long term benefits students can expect, a master’s is certainly worth the investment. 

The Impact Of A Business Degree — Separating Fact from Fiction

If you’re researching going back to school to get your business degree you will see a lot of conflicting information. Some of these articles make pretty big claims—but how do they back it up? And how do you separate fact from fiction?

We asked Dr. Doug Ross, lead Business faculty member at Franklin University, to clear up some of the most common myths about getting a business degree.

Myth #1: I can supplement my professional experience with certificates and get the same value as a bachelor’s degree.

Fact: “A bachelor’s degree provides both immediate and lifetime value that is unmatched by lower-level credentials,” says Dr. Ross. “When you look at the lifetime earnings of a bachelor’s degree holder vs. someone with a high school diploma, a bachelor’s degree holder earns over $1 million dollars more. A bachelor’s degree can also be leveraged for a near-term pay raise that will outrival a certificate.”

Myth #2: There aren’t enough job opportunities for graduates of business programs.

Fact: “I hear this a lot—claims that business graduates are unemployed or underemployed. I think many of these claims are based on a narrow view of what you can do with a business degree,” says Dr. Ross. “It really is one of the most flexible degrees that can be applied in every industry. No matter if you work in oil and gas, technology, healthcare, or any other industry, business graduates are needed. If you’re only looking for job titles like ‘Business Manager,’ you’re limiting your options too much.”

Myth #3:Business is too general of a degree—it’s not as valuable as a specialized degree.

Fact: “This is another myth that’s taken hold in the wake of an influx of specialized degrees. A business degree is general—but that’s a strength not a weakness,” says Dr. Ross. “Businesses need people who can understand every function of a business and the impact they have on one another. A business degree gives you that holistic perspective and fuels collaboration within organizations. It also provides individuals flexibility throughout their career to transition between roles and business functions. If you’re looking for more in-depth knowledge in a particular area of interest, look into business degrees that offer minors in that specialty.”

Myth #4:I have my associate’s degree and don’t want to start all over to get my bachelor’s degree in business.

Fact: “No one wants to start from scratch if they already have a degree,” says Dr. Ross.  “And if you’re going back to school to get your business degree, you shouldn’t have to. Look for a program that will help you maximize the credits you’ve already earned and seamlessly transfer those toward your bachelor’s degree. At Franklin, we help individuals with associate’s degrees transfer up to 94 credit hours into our bachelor’s program, helping them get their business degree faster.”

Is It Worth It? The Choice Comes Down To Your Career Aspirations 

If you are a working professional who wants to advance your career in business, a business degree can be a gamechanger. A business degree can increase job prospects, create advancement opportunities, and increase your salary and lifetime income. It’s a worthwhile investment in your career—now and into the future. You just have to find the right business degree program for you.

Franklin University’s B.S. in Business Administration program focuses on giving you cutting-edge, real-world skills that will make a difference in your career from day one. We’ll work with you one-on-one to maximize transfer credit and make it faster and more affordable to get your business degree. Explore everything the program has to offer to determine if it will help you reach your goals.

benefits of master of commerce

Finance is the heart of any business, so it necessitates competent administration and oversight, which individuals with the right qualifications and abilities can only perform. As a result, after completing their B.Com, applicants should pursue an M.Com. This will improve their chances of finding a better job. Let us have a sneak peek at the benefits of the M.Com course:

  • Huge employment scope after M.Com

M.Com is a degree-based programme that assists students in establishing a career in a rapidly expanding corporate world. Aspirants for the business sector benefit from specialising in commerce courses. The number of opportunities available after completing an M.Com degree is growing. M.Com degree holders have ample scope for the job in the following sectors:

  • Educational Institutes
  • Customs Department
  • Economic Consulting Firms
  • Commercial Banking
  • International Banking
  • Investment Banking
  • Accounting and auditing
  • Tax advisory services
  • Financial services
  • Insurance services
  • Government services
  • E-commerce sector

After completing the degree, M.Com grads can choose and apply for various jobs, like operation manager, finance consultant, investment banker, marketing manager, accountant, and business analyst. The salary offered in different professions varies from sector to sector depending upon the skills, qualifications, experience, and other specific demands of the recruiters. As freshers or at the entry-level, the average salary package offered varies from INR 3 lakhs per annum to INR 5 lakhs per annum. The experienced person can earn more than INR 8 lakhs per annum.

  • Opportunity to work in big audit firms

Big audit firms offer excellent employment opportunities. Working for a reputed accounting firm can also aid overall professional development and financial success. Working with top firms is among the main advantages of doing an M.Com. These graduates have a better chance of getting selected in such organisations. These multinational corporations need candidates who are well-versed in accounting and are familiar with worldwide accounting principles. 

Commerce graduates are exposed to a wide range of accounting and business concepts. As a result, they have earned the core knowledge to establish a successful career. They can enhance their knowledge by applying for ACCA or CPA certifications. The CPA (Certified Public Accountant) qualification is one of the most renowned post-M.Com employment alternatives. The American Institute of CPAs, or AICPA, is where CPAs get their credentials. Individuals with a CPA license have a thorough comprehension of the GAAP (Generally Accepted Accounting Principles) and strong accounting background. The ACCA course is offered by the Association of Chartered Certified Accountants institute. In multinational corporations and audit firms, these programmes are highly valued. If you’re an M.Com student, your firm grasp of accounting fundamentals will aid you in clearing these certifications, thus making you eligible to work with the best accounting firms across the country.

  • Opportunity to work in both the public and the private sector

Candidates with an M.Com degree have access to many opportunities, but some are more viable than others. All businesses and organisations are looking for specialised and skilled experts to increase profits wisely in today’s world. There are many M.Com jobs in both the private and public sectors, and you can also apply for positions in the government sector and corporate settings. So, you can’t deny that a career after M.Com. Among the possibilities are:

  • Senior Accountant
  • Corporate Secretary
  • Financial Controller
  • Investment Banker
  • Tax Consultants
  • Budget Analyst 
  • Auditor
  • Stock Broker
  • Chief Financial Officer
  • Lecturer/ Professor 
  • Account Assistant

After M.Com, you can conduct research in various areas. You can work for the government and private banks like SBI, PNB, Axis Bank, HDFC Bank, Union Bank of India, and others, as a Customer Relationship Executive or Probationary Officer. Also, you can appear for government examinations or apply for government positions. A few exams are held for the public sector and government positions at the national and state levels. The following are a few examples of these tests:

  • IBPS PO
  • SBI PO
  • RBI Grade B Officer
  • SBI Clerk
  • IBPS Clerk
  • UPSC CSE | IAS Exam
  • SSC CGL exam
  • RRB NTPC
  • LIC AAO
  • Ready for both jobs and entrepreneurship 

Students with commerce backgrounds can be new-age entrepreneurs because commerce is the driving force of economic development and business advancement. CA, CS, computer skills, advertising, digital marketing, business, finance and banking, management, accountancy, trade, product selling, technology, and web-based sales are all aspects of commerce.

A master’s in commerce makes a person ready for a job and entrepreneurship. Entrepreneurs should have a business mindset and accountancy education and should be familiar with the financial side of running a business. Getting an M.Com will educate you on how to think strategically about your business, while helping you comprehend the financial aspect of things. 

It assists you in viewing your company as a complicated system that is scalable and can expand to cover multiple goods or services. An M.Com educates you in accounting, payroll, taxation, and other legal areas to make you understand how to succeed in the long run. That is why many people believe an M.Com can enable you to become a successful entrepreneur.

  • Gives the upper hand in CA and related exams

M.Com will assist you in better understanding the CA subjects. Many of the topics covered in the M.Com curriculum are included in the CA course. Although topics covered in CA programmes are far more advanced than those covered in the M.Com course, being well-versed with the topics of M.Com benefits you by giving you an edge over your peers and fellow competitors. Many professional certification courses that can be pursued after M.Com are listed below:

  • Certified Financial Planner (CFP)
  • Chartered Global Management Accountant (CGMA)
  • Certified Public Accountant (CPA)
  • Chartered Certified Accountant (ACCA)
  • Chartered Alternative Investment Analyst (CAIA)
  • Financial Risk Manager (FRM)
  • Financial Modeling

M.Com grads have an added advantage of clearing these courses because of the knowledge and exposure during their master’s degree. 

master of commerce salary

M.Com salary range: 

Following is the M.Com salary range for various levels.

Entry-Level – INR 1.3 lakhs

Mid-Level – INR 3.7 lakhs

Top-Level – INR 10 lakhs

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